NextEnergy Solar Fund buys 22MW solar farms

NextEnergy Solar Fund, a UK-based investment fund focused on operational solar PV projects, has acquired two solar projects totalling 21.7 MW for $34.2 million. The projects, Bay Farm, which has a capacity of 8.1 MW, and Honnington, which has a capacity of 13.6 MW, are both located in Suffolk, UK. The projects were connected to the grid in March 2014 and are accredited under the 1.6 Renewable Obligation Certificate regulations. With this acquisition, the company’s total portfolio has surpassed 500 MW.